Increasing competition in the auto industry can lead to several potential impacts. It can drive innovation as companies strive to differentiate themselves from their competitors. This can result in the development of new technologies, improved efficiency, and better products. It can also lead to price competition, which can benefit consumers. However, it can also lead to market saturation, where there are too many similar products, making it difficult for companies to maintain profitability. Additionally, increased competition can lead to consolidation in the industry, as companies may merge to strengthen their market position.
Do you feel trapped to outdo competitors? Better strategies can build a stronger defense against com...
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